- Lakshmi KC
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In today’s fast-paced lifestyle, we plan a lot of things – increase income, provide a good education, build a house, expand a business, etc. But at the heart of all these plans is the safety and stability of the family. Life insurance is the most effective way to ensure this protection.
Life is uncertain. No one can say when, where, and how the unexpected happens. However, human responsibilities are determined. Children’s education, family’s daily expenses, health treatment, loan repayment, etc. If the breadwinner of the family is absent for any reason, then there may be a big financial crisis on that family. Life insurance is a reliable way to manage this risk.
Why insure?
Life insurance is not only about securing the future for yourself but also for your family. It is a law that fulfills your responsibilities even in your absence. Without insurance, the family is completely dependent on the breadwinner, but when there is insurance, that risk is reduced to a great extent. Therefore, insurance is not a luxury but a necessity today.
How TAG_OPEN_strong_62 does insurance protect the family?
When an untoward event such as an accident or death occurs. At that time, the family is not only emotionally weak but also financially. The money received from life insurance will be of great help in such a situation. The money will be used to pay for children’s education, daily expenses, health care and other needs. It helps the family to remain financially independent and gives hope for the future.
Why is it necessary for a person who earns little and has a lot of debt?
Most people think, “My income is low, how can I insure?” Even a person with a small income can get great protection from a small premium. Insurance has the ability to manage a large amount of risk with a small amount.
Similarly, if someone has a lot of debt, then in his absence, that debt can become a burden on the family. Life insurance helps pay off debts in such a situation and protects the family from financial crisis. Therefore, insurance is even more important for people with low incomes and high responsibilities.
How to get tax exemption ?
There is also a tax exemption facility on the investment made in life insurance in Nepal. The government has provided tax exemption on insurance premiums up to a certain limit. This not only saves insurance but also helps in tax management. For this, you should include the insurance premium in your income statement and keep the relevant documents safe. This insurance provides both safety and financial benefits.
How much should I buy insurance?
How much insurance? Many people ask this question. The answer depends on a person’s income, expenses, family responsibilities, and future goals. Generally, it is advisable to have insurance of at least 10 to 15 times the annual income. This allows the family to maintain its standard of living even in the face of unforeseen circumstances.
Why is the role of a agent important?
Life insurance is not just on paper, it is a long-term plan. The role of an experienced agent is very important in choosing the right plan, choosing the right insurance for your needs, and making the claim process easier. The agent gives you clear information, clears confusion and accompanies when needed. Therefore, it is very important to have a reliable agent while insuring.
In today’s society, access to insurance is expanding. However, many people are still not fully aware of the importance of insurance. The need of the hour is to spread awareness about insurance, to orient people towards a secure future and to provide financial stability.
} Purpose of raising public awareness on insurance
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Of late, insurance companies and Nepal Insurance Authority (NEA) have been conducting insurance programs in rural municipalities and municipalities to raise awareness among the insurance companies. This has increased insurance awareness.
Apart from this, I highly respect the contribution of Insurance Khabar to the society through online. This online magazine has taken the importance of insurance to every village and household and has inspired people to live a safe lifestyle by making them aware.
Such awareness-raising efforts play a vital role in bringing about positive changes in society, building financially capable and secure citizens, and instilling confidence in the future. This initiative of Insurance Khabar is truly exemplary and I would like to extend my heartfelt congratulations and best wishes for it.
At the end of the day, life insurance is not an option, but a necessary decision. A small plan made today can become the basis of tomorrow’s great security. So let’s be aware in time and secure the future of ourselves and our families.
KC is working as an insurance facilitator in LIC Nepal. )
